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Old 08-14-2017, 08:50 AM  
pimpmaster9000
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Join Date: Dec 2011
Posts: 26,732
Quote:
Originally Posted by ruff View Post
You know, I just sold a lot of Bitcoin over the past week. The people that bought my Bitcoin imbue it with intrinsic value. They exchanged cash for it. Thererfore it has intrinsic value to them and it has intrinsic value to me. In a few days or weeks, I will purchase more Bitcoin, not Apple stock, because Bitcoin has intrinsic value to me. I don't pretend that you do not understand me, it is evident that you do not understand. Apple is a corporation selling a product. I cannot buy a sandwich with an iPhone. You are certainly easily amused though. By the way, having a 100 million in gold is a lot of gold, easily noticed, hard to cross borders with and difficult to sell in bulk. I can go nearly anywhere on this planet with a 100 million in Bitcoin and no body is wiser. Plus I can buy a goddamn sandwich. Get the picture?
https://en.wikipedia.org/wiki/Greater_fool_theory
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